Investment Bank Gives Strategy And Strive Buy Ratings

"Strategy holds 738,731 BTC, the largest corporate treasury in the world, and has built a digital credit platform spanning six securities, including five series of perpetual preferred stock alongside common equity and convertible notes. This capital structure allows Strategy to access funding across market cycles. The company also added 41,002 bitcoin in January 2026 alone and raised $25.3 billion in FY2025 through equity issuance, making it the largest U.S. public issuer for the second consecutive year."

"B. Riley framed the current valuation compression in both companies as an opportunity rather than a structural concern. Strategy shares currently trade at 1.2 times net asset value (NAV), down from a 3.4x peak in 2024. Strive trades around 0.9 times modified NAV, reflecting early-stage volatility and a discount to the company's combined bitcoin and asset management value."

"Strive operates a dual-engine model, combining a bitcoin treasury of roughly 13,132 BTC with an asset management business overseeing $2.5 billion in assets. The company went public via a reverse merger in September 2025 and completed an all-stock acquisition of Semler Scientific in January 2026, adding a medical device business."

B. Riley investment bank has entered corporate bitcoin treasury coverage, assigning Buy ratings to Strategy Inc. (MSTR) with $175 price target and Strive Inc. (ASST) with $12 price target. Strategy holds 738,731 BTC, the world's largest corporate treasury, and operates a diversified capital structure including perpetual preferred stock and convertible notes. The company added 41,002 bitcoin in January 2026 and raised $25.3 billion in FY2025. Strive operates a dual-engine model combining approximately 13,132 BTC with $2.5 billion in managed assets, recently acquiring Semler Scientific. Both stocks trade at significant discounts to net asset value—Strategy at 1.2x NAV and Strive at 0.9x modified NAV—which B. Riley frames as valuation opportunities rather than structural concerns.

Read at Bitcoin Magazine